Haha I think Alex trying to get money out of CIMB SG account back to MYR, not the other way around. SunwayMoney/BigPay the usual cheapest fintech to go from MYR to SGD not applicable here.

SunwayMoney is one way only I think? BigPay never tried if SGD to MYR is possible or favorable, maybe can check BigPay thread, but googling around it seems like TransferWise is the best option.

Parking for more answers from others

Just to update you - I managed to empty my CIMB SG account down to 0 SGD and still fine so far.

Funding wise, so far I am jumping back and forth between Wise and BigPay, I don't have SunwayMoney, can't be bothered. When fees >RM5 on Wise usually its better on BigPay in my experience, but Wise rates is usually better, so still have to depend on time of day and compare during transfer. Both method is better than CIMB-MY ASEAN remit.

For bringing back money, CIMB SG has an option to transfer to CIMB MY with no fees. I've heard the rate can even beat TransferWise. I am currently linking CIMB SG to CIMB MY, will try it in the future, but for now I am using TransferWise to bring it back with acceptable fees and good rates.

This post has been edited by Hoshiyuu: Mar 19 2021, 10:37 AM

Thanks for the info! In that case, I might give Sunway Money a serious try once I am free to do KYC in person, my laziness to visit them is mostly why I went with other option for now. (That and BigPay have CC cashback )

Hopefully their promo rate of RM1 fixed fee stays - otherwise they will likely lose out to BigPay I think @ RM10 per transac?

This post has been edited by Hoshiyuu: Mar 19 2021, 11:13 AM

Damn, I heard wrong then. Should have just gave SunwayMoney a try. Thanks again for the great info.

And yeah, I was comparing the final values across CIMB remit, BigPay, Wise - I'm going to add Sunway to it now, and given what you said Sunway is likely going to be best.

Now if only there is similar good alternative for going from SG to MY...

I don't see why not (CIMB-MY -> SunwayMoney -> CIMB-SG right?) gogo try and report back

Nope, the 1000 can use fintech for best rates - just need $1 in house for e-KYC

Edit: Copy pasted from my reply in other thread-

Random midnight snapshot for those curious on how to bring money back from IBKR->CIMBSG->CIMBMY

TransferWise:


CIMB SG -> MY self account remit



The CIMB SG->CIMB MY transfer rate is pretty good! For MYR->SGD the usual path is still better.

This post has been edited by Hoshiyuu: Mar 22 2021, 02:08 AM

nope...what i saw was what i get, CIMB even have a "we'll match your rate and refund you the difference if you email us" but probably dont apply to fintech...will try it next time.